Head of BSA/AML and Compliance

Company: Mbanq Limited
Location: Bothell
Posted on: February 1, 2025

Job Description:

About the Role:We are seeking an innovative and strategic leader to join our team as the Head of BSA/AML and Compliance. In this pivotal role, you will report directly to executive leadership and oversee the compliance team and serve as the designated BSA/AML Officer. You will ensure full adherence to regulations and requirements, including BSA, AML, CIP, OFAC, FinCEN, and the US Patriot Act.Key Responsibilities:

• Team Leadership: Provide strategic direction and support to the compliance team, fostering a culture of collaboration and excellence.
  • Regulator Expertise: Maintain up-to-date knowledge of BSA/AML, OFAC regulations, and related compliance requirements.
    • Compliance Oversight: Manage and ensure adherence to compliance requirements, including UAR submissions, for each sponsor financial institution.
      • Advisory Role: Deliver tailored compliance and regulatory solutions to FinTech partners, aligning with business objectives and risk management practices.
        • Process Collaboration: Partner with relevant teams on KYC, KYBC, and Enhanced Due Diligence (EDD) processes to ensure robust customer verification protocols.
          • Data Analysis: Monitor and analyze reports and transaction data to identify trends, mitigate risks, and detect suspicious activities.
            • Strategic Reporting: Prepare and present BSA/AML-related reports to senior leadership and the Board of Directors.
              • Training Development: Design and implement comprehensive training programs to ensure team and organizational adherence to BSA compliance standards.
                • Risk & Audit Management: Lead BSA Risk Assessments and coordinate audits to evaluate compliance program effectiveness.
                  • Travel Requirements: Travel as necessary (10% to 15%) to support compliance operations and collaboration with partner institutions.About You:
                    • Educational Background: Bachelor's degree in business, accounting, finance, economics, or a related field.
                      • Professional Experience: Minimum of 5+ years in Compliance and AML roles, including leadership experience.
                        • Regulatory Expertise: Deep understanding of BSA/AML Compliance frameworks, regulatory requirements, and interpretation.
                        • If outside WA, open to relocating.
                          • Competitive base salary
                            • A role that has a decisive impact on positioning our team and company for future growth
                              • Collaboration with Senior experts from different fields, based in the US and globally
                                • A culture that encourages trust & promotes an ownership mentality and rapid career growth
                                  • Health Insurance Reimbursement Program
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Keywords: Mbanq Limited, Edmonds , Head of BSA/AML and Compliance, Other , Bothell, Washington